FMFC opened branch in Jalal-Abad

Today the official opening ceremony of the first Jalal-Abad branch of the FMFC (“The First MicroFinance Company”) took place, which is located in Jalal-Abad, 16, J. Bakiev Str.

According to Stefan Martiniak, The Chief Executive Officer of the FMFC, opening of a Jalal-Abad branch was one of the strategic development objectives of the Company, the history of which began in 2006 in the south of Kyrgyzstan. “Over these 15 years, the company has made a steady progress from the Aga Khan MicroFinance Program to successful transformation into one of the largest microfinance organizations in the country with more than KGS 1 billion total assets and a client base of more than 20 thousand people. We pay particular attention to farmers, the agricultural sector and entrepreneurs of micro, small and medium-sized businesses, and create attractive conditions to finance and grow, we want to grow with them.”

The mission of FMFC is to improve the people’s living standards and quality, assist them in increasing their income through the provision of affordable and reliable financial services.

Since its foundation, the company has provided services to over 100 thousand clients from remote regions of Naryn, Osh oblasts and Bishkek, having a positive effect on the lives of more than 500 thousand people in Kyrgyzstan.

“Jalal-Abad branch is the 15th branch of the company, and in this region we see great potential. Considerable experience in microfinance and working with clients living in remote rural areas has taught us to know the value of time and money of our clients. All our loans can be repaid without coming to the office: through electronic and mobile wallets and payment terminals. In addition, now, the residents of Jalal-Abad can also take advantage of the new Ykcham digital loan, which arrive in an Elsom e-wallet in a matter of minutes,” said Rishat Mukhamedzhanov, COO of the FMFC.

According to Erkin Djamashev, one of the first clients of the Jalal-Abad branch who participated in the official opening ceremony, the loan conditions of the FMFC are simple, understandable and beneficial. “The company’s branch is near my workplace. Now time has become a very valuable resource, and therefore, at the FMFC, I particularly appreciated unsecured loans, quick application consideration, the minimum package of documents and the possibility to open a credit line,” he said.